Mangopay Secures FCA License to Expand Payment Solutions and Drive Growth in the UK Market #
Mangopay, a leading payments infrastructure provider, has achieved a milestone by securing an Electronic Money Institution (EMI) license from the Financial Conduct Authority (FCA) in the UK. This authorization allows Mangopay to offer electronic money issuance, digital payment processing, and a comprehensive array of payment solutions to UK businesses, propelling its expansion efforts in the country. CEO Romain Mazeries emphasizes the company’s commitment to removing the complexity of payments for marketplaces and multi-sided platforms, aiming to drive their growth with Mangopay’s customer-centric and innovative services. Luke Trayfoot, Group Chief Revenue Officer, acknowledges the FCA license as a key element in bolstering Mangopay’s robust presence in Europe and advancing its ambitious UK growth strategy. With this significant development, Mangopay solidifies its commitment to maintaining high standards in capital, regulatory compliance, and security.